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BP spill settlement clears way for comeback

Last Updated: Monday, March 05, 2012, 00:16

BP's multibillion-dollar settlement with people and businesses harmed by its 2010 oil spill removes some uncertainty about the potential financial damages it faces. It also may help the company restore its all-important relationship with the federal government.

BP reaches $7.8 bn deal with plaintiffs in oil spill case

Last Updated: Saturday, March 03, 2012, 10:37

British Petroleum has reached a USD 7.8 billion deal with thousands of fishermen and other plaintiffs who had filed a suit over the 2010 Gulf of Mexico oil spill off the US coast.